Some bonds mature in instalments.Bonds containing such feature are called:

Question

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Bonds that mature in instalments are called serial bonds. This means that instead of the entire principal amount being due upon maturity, it is paid off in instalments over a period of time, such as annually or semi-annually. This type of bond allows for ongoing repayment of the principal, which can be beneficial for both the issuer and the bondholder.

Some Bonds Mature in Instalments